10:08     DECCA HOLDINGS<00997> - Announcement (1)                            

    The Stock Exchange of Hong Kong Limited takes no responsibility           
    for the contents of this announcement, makes no representation            
    as to its accuracy or completeness and expressly disclaims any            
    liability whatsoever for any loss howsoever arising from or in            
    reliance upon the whole or any part of the contents of this               
    announcement.                                                             
                                                                              
    DECCA HOLDINGS LIMITED                                                    
    *                                                                         
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 997)                                                         
                                                                              
    DISCLOSEABLE TRANSACTION                                                  
    AND                                                                       
    DISCLOSURE PURSUANT TO RULE 13.13, 13.14 AND 13.16 OF THE LISTING         
    RULES                                                                     
                                                                              
    The Directors announce the details of the Group's Financial               
    Assistances and Guarantees to its Affiliated Company, Vielie,             
    which aggregately exceeds 8% of the Market Capitalization of              
    the Group as at 18 May 2004. This gives rise to a general                 
    disclosure obligation under Rule 13.13, 13.16 of the Listing              
    Rules and it also constitutes a discloseable transaction under            
    Rule 14.06(2) of the Listing Rules as the aggregate advances              
    exceed 5% but less than 25% of the Market Capitalization of the           
    Group.                                                                    
                                                                              
    The delay in the publication of this announcement constitutes             
    a breach of Rule 13.13, 13.16 and 14.34 of the Listing Rules.             
    The Stock Exchange reserves its right to take disciplinary action         
    against the Company and/or its Directors as a result of such              
    breaches.                                                                 
                                                                              
    A circular containing further details will be dispatched to the           
    shareholders of the Company as soon as practicable, in any event          
    within 21 days after the publication of this announcement.                
                                                                              
    The Financial Assistances and Guarantees                                  
                                                                              
    Financial Assistances and Guarantees are given from the Group             
    to its Affiliated Company, Vielie since 31 May 2002 and as at             
    18 May 2004, the Financial Assistances (in the net sum of                 
    HK$6,636,000) and Guarantees (in the net sum of HK$1,907,000)             
    advanced from the Group to Vielie reached an aggregate amount             
    of HK$8,543,000 (HK$6,942,000 as at 31 March 2004), which                 
    approximately represent 8.5% of the Market Capitalization of              
    the Group (see note 1 below). As a result, the aggregate                  
    provisions of the advances by the Group exceed 8% under the               
    consideration ratio test, which gives rise to a general                   
    disclosure obligation under Rule 13.13 and 13.16 of the Listing           
    Rules. It also constitutes a discloseable transaction under Rule          
    14.06(2) of the Listing Rules as the aggregate advances exceed            
    5% but less than 25% of the Market Capitalization of the Group.           
                                                                              
    As at 30 September 2004, the aggregate Financial Assistances              
    (in the net sum of HK$10,886,000) and the aggregate Guarantees            
    (in the net sum of HK$1,907,000) advanced from the Group reached          
    an aggregate amount of HK$12,793,000, which approximately                 
    represent 9.7% of the Market Capitalization of the Group (see             
    note 2 below). As a result, the details of the Group's Financial          
    Assistances and Guarantees to Vielie were announced in the                
    Company's 2004/2005 Interim Report.                                       
                                                                              
    From 30 September 2004 to the Announcement Date, the Group                
    provided additional Financial Assistances and Guarantees of               
    HK$781,000 and HK$1,518,000 respectively to Vielie. The                   
    aggregate advances increase from 9.7% to 12.7% of the Market              
    Capitalization of the Group, this gives rise to a general                 
    disclosure obligation under Rule 13.14 of the Listing Rules.